IN Q3 2025, the Philippine economy expanded by 4%, the slowest since the 3.8% contraction in Q3 2011. — ALEXES GERARD-UNSPLASHThe third quarter gross domestic product (GDP) growth of the Philippines was a disappointing 4% — due mainly to tempered household consumption as well as
PHILSTAR FILE PHOTOPresident Ferdinand Marcos, Jr. appointed House of Representatives Deputy Speaker Ralph Recto the Secretary of Finance in January 2024, replacing Benjamin Diokno.Mr. Recto was chosen for the position because of his experience and ability to build consensus and to communicate effectively with Congress,
BSP partners with DICT for digitalization initiatives - BusinessWorld Online BW FILE PHOTOTHE BANGKO SENTRAL ng Pilipinas (BSP) has signed a memorandum of agreement with the
ICTSI.COMRAZON-LED International Container Terminal Services, Inc. (ICTSI), through its unit in Brazil, has opened a new logistics and industrial center aimed at strengthening connectivity between the Port of Rio de Janeiro and Southern Minas Gerais.In a statement, ICTSI said the expanded facility now offers 30,000
ARTIST’S Rendition of the reimagined Ayala Malls Glorietta 4 facadeBy Beatriz Marie D. Cruz, ReporterAYALA MALLS said it is continuing its expansion plans amid softer consumer sentiment, citing the Philippines’ consumption-led economy and the resilience of the retail sector as factors that will help support
Last week I was one of several media persons who participated in the JERA Familiarization Tour in Japan. JERA is the largest power generation company in the country, producing one-third of the total electricity yearly. It was formed only in 2015 with the consolidation of
UnionDigital offers unlimited, free InstaPay transfers until yearend - BusinessWorld Online UNIONDIGITAL Bank, Inc. (UD), the digital banking arm of listed Union Bank of the Philippines,
KLOOK.COMTRAVEL AND LEISURE booking platform Klook said it expects continued momentum in the Philippine travel market, fueled by Filipinos’ rising appetite for domestic and overseas trips as well as growing inbound tourism.“The numbers are great; we are very optimistic about the trajectory of travel despite
The UK’s financial watchdog is preparing to bring Environmental, Social and Governance (ESG) ratings agencies under formal regulation for the first time, in what is being described as the most sweeping overhaul of sustainable finance rules in the country’s history. The Financial Conduct Authority (FCA) has
Prime Minister Keir Starmer has denied accusations that Chancellor Rachel Reeves misled the cabinet or the public over the state of the public finances ahead of last week’s Budget, after a fresh row erupted between the Treasury and the Office for Budget Responsibility (OBR). Speaking at
Cannumo, the Lithuanian wellness start-up behind the live-bacteria drink Goodie, has secured a record-breaking €1 million investment on Shark Tank Lithuania — the largest deal ever reported on any European business reality show. The investment came from entrepreneur Tadas Burgaila, co-founder of the Kilo Group and
Accenture has begun referring to its global workforce of nearly 800,000 people as “reinventors” as part of a sweeping restructuring aimed at positioning the consultancy as a leader in artificial intelligence. Chief executive Julie Sweet has already adopted the new terminology in internal communications, and the